Sellers can’t keep control
The EURUSD is trading above and below the unchanged (at 1.1173). The sellers made a push below a swing area at 1.1164-66, but could not sustain the momentum. A move below a lower trend line on the hourly also failed. Sellers covered.
The high today – reached in the London morning session) stalled at the broken 61.8% at 1.11835.
There are red bars and green bars in the price action today. Watch 1.11646 below and 1.11835 above. We sit in the middle.